22.09.2016 - We expect a fall in the price of the New Zealand dollar

Publication of the statement of the Reserve Bank of New Zealand has not led to a strong price movement because investors assessed the previous statement of the Fed on monetary policy. It is worth noting that the central bank of New Zealand has not lowered interest rates, but can make such a move in case of a low inflation, the growth of which is expected in the 4th quarter. GDP continued to grow according to expectations due to immigration, construction and tourism. The situation on the dairy market remains uncertain. According to the Reserve Bank of New Zealand, the price of the local currency should be reduced. Our medium-term outlook remains negative with the objectives at 0.6600 and 0.6450.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.